Latest PEPE Price Prediction, Will It Rise Again?

Bittime - On November 14, PEPE price set a new record high or ATH at the level of $0.000025. This increase marks a 200% jump from the previous price on November 4.

So, what is the next PEPE price prediction? Will it rise again or will it experience a correction? Read this article to find out!

PEPE Price Prediction

Source: ccn.com

Fluctuation of PEPE price started in April when this token managed to reach the level of $0.0000046. The positive trend continued until May 27, with a significant spike to $0.000017, a gain of 275%. 

However, after that, PEPE prices began to experience a negative trend. On August 5, this token rose again to the level of $0.0000058 before closing at $0.0000072. 

Even though buying interest increased, the bearish trend dominated again, until the price touched the level at $0.0000065 on September 6.

So, on September 29, PEPE managed to break the resistance of the descending triangle pattern, and rose to the level of $0.0000117. This increase recorded a jump of 85% from the previous low. 

Read Also: Reasons Why Pepe Coin Prices Increase Tens of Percent

Latest PEPE Price: Bull Flag Pattern

Source: ccn.com

The latest, PEPE price reached an all-time high or new ATH at $0.000025 on November 14. 

However, the Relative Strength Index (RSI) indicator which reached 88% indicates that prices are overbought or too high in a short time.

Currently, PEPE price is forming a symmetrical triangle pattern, which is often interpreted as a bull flag pattern. This pattern can be a signal that PEPE prices may still rise higher.

However, this pattern can also signal the end of a price spike, which is usually followed by a sharp correction.

Latest PEPE Price Prediction

Lalu, what is the next PEPE price prediction? Based on the explanation above, there are two possible scenarios, namely an upward breakout and a downward breakout.

If PEPE price manages to breakout upwards from the symmetrical triangle pattern, there is a high probability that this token will print a new ATH. The next target is expected to be around $0.000028.

However, if PEPE breaks down from the symmetrical triangle pattern, a significant correction could occur. In this scenario, the price of PEPE is likely to fall to the level of $0.000014.

So, will PEPE price continue its upward trend or will it face a major correction? Let's monitor the next price movements of this token! 

Read Also: PEPE vs FLOKI Comparison: Which One Wins in This Memecoin Cycle?

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